Fleet Farm & Chase Bank — Sale in Germantown, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Germantown, WI 53022

Description

This outstanding two-tenant retail asset features a full-size Fleet Farm store totaling approximately 177,803 square feet and a recently constructed Chase Bank totaling approximately 3,245 square feet, with both parcels totaling 17.83 acres. The offering is secured by a long-term 20-year lease with Fleet Farm a strong Midwest retailer with a cult like following. Fleet Farm accounts for 94.7% of the total NOI. The Fleet Farm lease commenced in December 2021 and features 15.6 years of firm term today. The tenant’s lease calls for 2.00% annual increases and 4 (5-Year) options, offering exceptional income stability and a hedge against inflation. This offering represents an unparalleled chance to acquire a state-of-the-art Fleet Farm and a brand-new construction Chase Bank in an expanding and affluent Milwaukee suburb. Both tenants offer secure long-term leases, with rental increases and options in a market with limited big-box availability.

Market Context

This commercial property in Germantown, WI is listed for sale. It has been on the market for 53 days. Compare it against other commercial property listings for sale in Germantown, WI — view the full market.

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